Onerous Leasehold Terms to be Banned
26th February, 2018Following an outcry over the terms that apply to the purchase of new leasehold properties in some circumstances, the Government conducted a public consultation. This has now reported and legislation is expected soon to deal with the abuses identified. Many unfair practices were reported as the sale of new properties on a leasehold, rather than freehold, basis has proliferated and some of the leases contain onerous terms that apply in the long run. Describing the practices as 'practically feudal and entirely unjustifiable', the Secretary of State for Communities and Local...